Lexington Health Inc
- Assets
- $2.0b
- Revenue
- $1.5b
- Investments
- $0.0
- Employees
- 4,002
- Location
- West Columbia, SC
- Founding
- Data as of
- 09/2022
- EIN
- 85-2276567
Organization Overview
Lexington Health Inc is located in West Columbia, SC. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Lexington Health Inc employed 4,002 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington Health Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTHCARE SERVICES, PARTICIPATE IN ANY ACTIVITY DESIGNED TO PROMOTE THE GENERAL HEALTH OF LEXINGTON COUNTY AND SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE QUALITY HEALTH SERVICES THAT MEET THE NEEDS OF OUR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Myron Barwick MD Board Member | Trustee | 3 | $577,597 |
Jan Burt Director | Trustee | 3 | $0 |
Jr Caughman Director | Trustee | 3 | $0 |
Paul Clifton Director | Trustee | 3 | $0 |
Cp Dunbar MD Director | Trustee | 3 | $0 |
Luanne Dyer Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eminent Consulting Llc Financial Services | 9/29/23 | $1,065,327 |
Neuro Surgical Resources Llc Medical Services | 9/29/23 | $999,241 |
Setzler & Scott Pa Attorney Services | 9/29/23 | $917,670 |
Ahead Llc It Management Services | 9/29/23 | $619,830 |
Cloudmed Solutions Llc Financial Services | 9/29/23 | $674,866 |
View All Vendors
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $329,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $329,000 |
| Total Program Service Revenue | $1,470,612,530 |
| Investment income | $14,340,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,195,247 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,465,086,547 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $13,721,366 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $636,530,978 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $192,695,154 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,544,198 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,813,089 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,957,021 |
| Insurance | $12,932,473 |
| All other expenses | $30,767,165 |
| Total functional expenses | $1,414,872,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,876,225 |
| Savings and temporary cash investments | $17,124,186 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $199,296,514 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,892,062 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $847,608,643 |
| Investments—publicly traded securities | $641,688,454 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,098,416 |
| Total assets | $1,952,584,500 |
| Accounts payable and accrued expenses | $260,239,151 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $459,144,444 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,104,961 |
| Total liabilities | $764,488,556 |
| Net assets without donor restrictions | $1,183,463,600 |
| Net assets with donor restrictions | $4,632,344 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,952,584,500 |